Renovated Duplex with
For Sale
$269,000
210 Raleigh Road Parkway N, Wilson, NC 27893
MULTI_FAMILY - Wilson, NC
Property Size1,442 SF
Lot Size0.15 Acres
Price / SF$186.55
Days on Market8
Property Features for 210 Raleigh Road Parkway N
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 2
Parking features
Carport
Patio and Porch features
Porch
Interior features
High Ceilings, Wash/Dry Connect
Appliances
Washer, Refrigerator, Range, Dryer, Dishwasher
Elementary school
Hearne
Middle school
Darden
High school
Fike High
Directions
Take Raleigh Rd Parkway towards Barton College, home is on the corner of Lee Street and Raleigh Road Parkway
Standard status
Active
APN
3722-14-6774.000
Size
1,442 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
3722-14-6774
Tax Annual Amount
926
Legal Description
3722-14-6774
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Heat Pump (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1948
Floors in Building
1
Number of units
2
Flooring type
Lvt/lvp
Building materials
Wood Siding, Wood Frame
Roof type
Shingle
Listing Agency:
United Real Estate Coastal Carolina
(910) 898-8081
Listed By:
Chong Tsao · License #299235
(252) 560-9187
Added: Aug 5
Changed: Aug 12
Last Checked: Aug 12 at 3:06PM
MLS# 100594203
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex contains two one-bedroom, one-bath units within 1442 square feet. Each residence has an open-concept great room with 9-foot ceilings, LVT/LVP flooring, a porch, and a carport. Stainless steel appliances include a refrigerator, dishwasher, range, washer, and dryer.
Recent improvements include HVAC, plumbing, sewer, and electrical updates. The property was built in 1948 and sits on 0.15 acres with public water and public sewer service. R zoning applies. The location is near major shopping centers, downtown, and Barton College, providing convenient access to nearby retail and community destinations.
Recent improvements include HVAC, plumbing, sewer, and electrical updates. The property was built in 1948 and sits on 0.15 acres with public water and public sewer service. R zoning applies. The location is near major shopping centers, downtown, and Barton College, providing convenient access to nearby retail and community destinations.
Key Highlights
- Two one‑bedroom, one‑bath units in a duplex configuration
- 1442 square feet on a 0.15‑acre lot
- Updated HVAC, plumbing, sewer, and electrical systems
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,765
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$235,300
$235.3K
Cap Rate 7%
$168,071
$168.1K
Cap Rate 9%
$130,722
$130.7K
Market Conditions
NOI Build-Up for 1,442 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$18.2K $12.60/SF
− Vacancy
−$1.4K −$0.95/SF
EGI
$16.8K $11.66/SF
− OpEx
−$5.0K −$3.50/SF
NOI
$11.8K $8.16/SF
Area
Wilson County, NC
Vacancy
7.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$235,300
Cap Rate 7%
$168,071
Cap Rate 9%
$130,722
Alternative Uses
Best Use
Multifamily LT 5
$168.1K
$147.1K – $196.1K
NOI $11,765 @ 7.0% cap · market cap 4.37%
Second Best
Apartment 5plus
$155.5K
$136.1K – $181.5K
NOI $10,887 @ 7.0% cap · market cap 4.05%
Theoretical Best
Office A
$346.1K
$302.8K – $403.8K
NOI $24,227 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
321
Businesses Nearby
Explore this area
Business Placement
Demographics for 27893, NC
37,131
Population
18,383
Households
2
Avg Household Size
41
Median Age
15%
College-Educated
79%
High-School Grad
109.0 sq mi
ZIP Area
341
Density / Sq Mi
$40,180
Median Household Income
$31,197
Median Earnings
$894
Median Rent
$153,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two one-bedroom units feature updated systems, open layouts, stainless steel appliances, and laundry equipment.
Where is this duplex located?
The property is located at 210 Raleigh Road Parkway N Wilson, NC.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: Two one‑bedroom, one‑bath units in a duplex configuration; 1442 square feet on a 0.15‑acre lot; Updated HVAC, plumbing, sewer, and electrical systems
